Forbes Names AppDirect One of America's Most Promising Companies for 2014

Forbes Names AppDirect One of America's Most Promising Companies for 2014
AppDirect Selected as a Top Company to Watch for Cloud Service
Marketplace and Management Technology
SAN FRANCISCO, CA -- (Marketwired) -- 01/30/14 -- AppDirect, the
leading cloud service marketplace and management company, announced
today that it has been named one of Forbes Most Promising Companies
for 2014. The Forbes list recognizes 100 high-growth firms that
feature strong management teams, investors, and recruiting, as well
as sizable margins, market size, and key partnerships.
"We are honored to be recognized by Forbes as one of the country's
most promising companies. The list has served as a stepping stone for
many of today's industry-leading technology firms, and we're excited
to be among such impressive company," said Daniel Saks, co-CEO of
AppDirect. "This recognition is not only a testament to our team's
hard work in building the most innovative cloud marketplace and
management platform in the world, but also confirms the exploding
demand for cloud services across businesses of all sizes."
The Most Promising Companies recognition bolsters AppDirect's ongoing
rapid expansion into global markets and new industries. Today, the
company powers marketplaces for leading global brands -- such as
Staples, Deutsche Telekom, Cloud Foundry, Rackspace, Swisscom, and
more -- giving AppDirect reach to more than 12 million users in
80-plus countries. In the past year, AppDirect secured $13 million in
Series B funding and acquired Standing Cloud, a leading provider of
virtual private cloud solutions. In addition, jBilling, the global
leader in open source billing solutions acquired by AppDirect in
2012, continues its impressive growth and now processes more than 10
million monthly invoices for companies that include Constant Contact
and VeriFone.
To determine the third-annual Most Promising Companies list, Forbes
editors reviewed hundreds of applications from businesses across the
United States. In addition to key company metrics, including sales
and hiring growth, Forbes selected companies based on other holistic
factors, such as quality of investors. As Forbes editor J.J. Colao
explained: "Producing a ranking in the opaque world of privately-held
companies is never easy. But we're confident that many of these are
the IPOs and billion-dollar acquisitions of tomorrow."
About AppDirect
AppDirect is the leading cloud service marketplace
and management company at the forefront of powering the global cloud
economy. Its innovative platform powers the marketplaces of trusted
companies around the globe -- including Staples, Deutsche Telekom,
TeliaSonera, Rackspace, Swisscom, Cloud Foundry, and more -- and
helps connect more than 12 million users in 80-plus countries to
leading solutions such as Microsoft Office 365, Box, and Google Apps.
Founded in 2009, AppDirect is based in San Francisco and has presence
in London, Munich, and Montreal. For more information, visit
http://www.appdirect.com.
Media Contact:
Whitney Akers
877-404-APPS ext. 419
pr@appdirect.com